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The US economic numbers are continuing to defy the recession hype
The labor market and the broader economy are both better than they look on the surface, and in fact have been mostly defying the continual patter of recession expectations. By multiple measures, the U.S. is staying ahead of the global slowdown, the trade war with China and the bond market’s implication that the decade-long recovery after the financial crisis is coming to a close. Though the major Wall Street averages wobbled around breakeven Tuesday, stocks are back near record highs as investors shrug off the wave of fear. One gauge in particular shows how much the economy has defied downbeat forecasts. The Citi ... (full story)
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